The Brazilian government has opted for a conservative approach with the latest drafts of its policy on online gambling regulations.
Online gambling has not yet been approved; however betting companies have found a way around the laws and require operators to obtain licensing in their respective jurisdictions.
Draft changes are meant to provide clarity regarding online gambling laws and initiate ISP-blocking to restrict certain operators from accessing the Brazilian market.
Decisions are needed sooner rather than later as the country will be hosting the FIFA World Cup competition in June.
Fact-checked by Nina.D Sylvanas
Chief Content Editor
